About Elevance Health

Elevance Health, Inc. (Elevance Health) and its subsidiaries operate as a health company. The company serves people across their entire health journey to better address their full range of needs with an integrated whole-health approach. Through the company’s broad view, the company intends to meaningfully improve the health of the people and communities the company serves. The company strives to deliver on its mission by maximizing the power of partnerships, innovating to fuel growth and health equity, and maintaining a high-performance culture. The company’s strategy is to be a lifetime trusted health partner through the following four core focus areas: Whole Health – Partner to address physical, behavioral and social needs to improve health, affordability, quality, equity, and access for individuals and communities. Exceptional Experiences – Put the consumers the company serve at the center of all that the company do, personalizing engagement to meet consumers where they are and optimize health outcomes across individuals and populations. Care Provider Enablement – Be the easiest payer to work with by supporting care provider partners with data, insights, and tools they need to deliver exceptional care for the company’s consumers. Digital Platform – Use digital technologies, such as AI to transform the way the company operates its business and interact with consumers by driving improvements in efficiency and experiences and converting data into actionable insights. The company is one of the largest health insurers in the United States in terms of medical membership, serving approximately 47 million medical members through the company’s affiliated health plans as of December 31, 2023. The company offers a broad spectrum of network-based managed care risk-based plans to Individual, Employer Group, Medicaid and Medicare markets. In addition, the company provides a broad array of managed care services to fee-based customers, including claims processing, stop loss insurance, provider network access, medical management, care management, wellness programs, actuarial services and other administrative services. The company provides services to the federal government in connection with its Federal Health Products & Services business, which administers the Federal Employees Health Benefits (‘FEHB’) Program. The company provides an array of specialty services both to customers of the company’s subsidiary health plans and also to unaffiliated health plans, including pharmacy services, dental, vision, life, disability and supplemental health insurance benefits, as well as integrated health services. The company is an independent licensee of the Blue Cross and Blue Shield Association (‘BCBSA’), an association of independent health benefit plans. The company serves its members as the Blue Cross licensee for California and as the Blue Cross and Blue Shield (‘BCBS’) licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, New York (in the New York City metropolitan area and upstate New York), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.) and Wisconsin. In a majority of these service areas, the company does business as Anthem Blue Cross and Anthem Blue Cross and Blue Shield. The company also conducts business through arrangements with other BCBS licensees, as well as other strategic partners. In addition, the company serves members in numerous states as Amerigroup, Freedom Health, HealthSun, MMM, Optimum Healthcare, Simply Healthcare and/or Wellpoint. The company is licensed to conduct insurance operations in all 50 states, the District of Columbia and Puerto Rico through the company’s subsidiaries. Through various subsidiaries, the company also offers pharmacy services through its CarelonRx business, and other healthcare related services as Carelon Insights, Carelon Health, Carelon Behavioral Health and CareMore. As the company announced in 2022, the company is organizing its brand portfolio into the following core go-to-market brands: Anthem Blue Cross/Anthem Blue Cross and Blue Shield — Represents the company’s existing Anthem-branded and affiliated Blue Cross and/or Blue Shield licensed plans; Wellpoint — The company is uniting select non-BCBSA licensed Medicare, Medicaid and commercial plans under the Wellpoint name; and Carelon — This brand brings together the company’s healthcare related services and capabilities, including the company’s CarelonRx and Carelon Services businesses, under a single brand name. The company reports its results of operations in the following four reportable segments: Health Benefits (aggregates the company’s previously reported Commercial & Specialty Business and Government Business segments), CarelonRx, Carelon Services (previously included in the company’s Other segment) and Corporate & Other (the company’s businesses that do not individually meet the quantitative thresholds for an operating segment, as well as corporate expenses not allocated to the company’s other reportable segments). During the fourth quarter of 2023, the company moved its Carelon Global Solutions international businesses from the Corporate & Other reportable segment to the Carelon Services reportable segment. Segments In 2022, the company managed and presented the company’s operations through the following four reportable segments: Commercial & Specialty Business, Government Business, CarelonRx and Other. The company’s Health Benefits segment offers a comprehensive suite of health plans and services to the company’s Individual, Employer Group risk-based, Employer Group fee-based, BlueCard, Medicare, Medicaid and FEHB program members. The company’s Health Benefits segment also includes its National Government Services business. The Health Benefits segment offers health products on a full-risk basis; provides a broad array of administrative managed care services to the company’s fee-based customers; and provides a variety of specialty and other insurance products and services, such as stop loss, dental, vision, life, disability and supplemental health insurance benefits. The company’s CarelonRx segment includes its pharmacy business. CarelonRx markets and offers pharmacy services, including pharmacy benefit management (‘PBM’) services, to the company’s affiliated health plan customers, as well as to external customers outside of the health plans the company owns. CarelonRx offers a comprehensive pharmacy services portfolio, which includes all core pharmacy services, such as home delivery and specialty pharmacies, claims adjudication, formulary management, pharmacy networks, rebate administration, a prescription drug database and member services. The company’s Carelon Services segment integrates physical, behavioral, social and pharmacy services to deliver whole health affordably by creating value through the offering of market-competitive services powered by analytics. Carelon Services offers a broad array of healthcare related services and capabilities to internal and external customers, including utilization management, behavioral health, integrated care delivery, palliative care, payment integrity services and subrogation services, as well as health and wellness programs. At the end of 2023, Carelon Services integrated Carelon Global Solutions into the Carelon family of offerings. The companies under Carelon Global Solutions have been providing services related to data management, information technology, and business operations since 2019 and were previously included within the company’s Corporate & Other segment. The company’s Corporate & Other segment includes the company’s businesses that do not individually meet the quantitative threshold for an operating segment. Membership The company’s medical membership includes the following customer types: Individual, Employer Group risk-based, Employer Group fee-based, BlueCard, Medicare, Medicaid and FEHB. In addition, the company serves customers who purchase one or more of the company’s other products or services that are often ancillary to the company’s health business. The company’s products are generally developed and marketed with an emphasis on the differing needs of the company’s customers. In particular, the company’s product development and marketing efforts take into account the differing characteristics between the various customers served by the company, as well as the unique needs of educational and public entities, labor groups, the FEHB program, national employers and state-run programs servicing low-income, high-risk and underserved markets. CarelonRx was built to simplify pharmacy care and focus on the whole person. The company markets its Individual, Medicare and certain Employer Group products with a smaller employee base through direct marketing activities and an extensive network of independent agents, brokers and retail partnerships. Products for commercial customers with a larger employee base are generally sold through independent brokers or consultants retained by the customer who work with industry specialists from the company’s in-house sales force. In the Individual markets, the company offers on-exchange products through state- or federally-facilitated marketplaces (the ‘Public Exchange’) in compliance with the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended (collectively, the ‘ACA’) and off-exchange products. Federal subsidies are available for certain members, subject to income and family size, who purchase Public Exchange products. The company made the decision to expand its participation in the Individual state- or federally-facilitated marketplaces for 2024. The company also expects growth in its Public Exchange membership as Medicaid members who are no longer eligible for Medicaid coverage continue to exit the Medicaid program and seek coverage elsewhere. For 2024, the company is offering Individual Public Exchange products in 141 of the 143 rating regions in which the company operates, in comparison to 138 of the 143 rating regions in 2023. Being a licensee of the BCBS association of companies, of which there were 34 independent primary licensees including the company as of December 31, 2023, provides significant market value, especially when competing for very large multi-state employer groups. For example, each BCBS member company is able to utilize other BCBS licensees’ substantial provider networks and discounts when any BCBS member works or travels outside of the state in which their policy is written. This program is referred to as BlueCard. BlueCard host members are generally members who reside in or travel to a state in which an Elevance Health subsidiary is the Blue Cross and/or Blue Shield licensee and who are covered under an employer-sponsored health plan serviced by a non-Elevance Health controlled BCBS licensee, which is the ‘home’ plan. The company performs certain administrative functions for BlueCard host members, including claims pricing and administration, for which the company receives service fees from the BlueCard members’ home plan. Other administrative functions, including maintenance of enrollment information and customer services, are performed by the home plan. The company refers to members in its service areas licensed by the BCBSA as the company’s BCBS-branded, or Anthem BCBS, business. Non-BCBS-branded business refers to members in the company’s non-BCBS-branded, or Wellpoint plans, which include Amerigroup, Freedom Health, HealthSun, MMM, Optimum Healthcare and Simply Healthcare plans. Product and Service Descriptions Health Benefits Commercial Risk-Based Products. The company offers employer groups a diversified mix of managed care risk-based products, including Preferred Provider Organization (‘PPO’), Health Maintenance Organization (‘HMO’), Consumer-Driven Health Plans (‘CDHP’), Traditional Indemnity and Point-of-Service (‘POS’) plans. PPO plans generally provide members the freedom to choose any healthcare provider, but require the member to pay a greater portion of the provider’s fee in the event the member chooses not to use a provider participating in the PPO’s network. HMOs include comprehensive managed care benefits generally through a participating network of physicians, hospitals and other providers. CDHPs generally combine a high-deductible PPO plan with an employer-funded and/or employee-funded personal care account, which may result in tax benefits to the employee and allow some or all of the dollars remaining in the personal care account at year-end to be rolled over to the next year for future healthcare needs. Traditional indemnity plans offer the member an option to select any healthcare provider for covered services, with coverage subject to deductibles and coinsurance and with member cost-sharing usually limited by out-of-pocket maximums. POS products blend the characteristics of HMO, PPO and indemnity plans. In general, POS plans allow members to choose to seek care from a provider within the plan’s network or outside the network, subject to, among other things, certain deductibles and coinsurance. The company also offers Individual risk-based products on and off the Public Exchange, covering essential health benefits (as defined in the ACA) along with many other requirements and cost-sharing features. Commercial Fee-Based Products. The company provides a broad array of managed care services to fee-based groups, including claims processing, provider network access, medical management, care management and wellness programs, actuarial services and other administrative services. Fee-based health plans are also able to use the company’s provider networks and to realize savings through the company’s negotiated provider arrangements, while allowing employers the ability to design certain health benefit plans in accordance with their own requirements and objectives. The company also charges a premium to underwrite stop loss insurance for employers that maintain fee-based plans but want to limit their retained risk. In addition, the company performs certain administrative functions for BlueCard host members, discussed under ‘Membership’ above, including claims pricing and administration, for which the company receives service fees from the BlueCard members’ home plans. Other administrative functions, including the maintenance of enrollment information and customer service, are performed by the home plan. Specialty Products. The company offers an array of products and services to both risk-based and fee-based customers in conjunction with the company’s health plans, as well as to unaffiliated healthcare plans that are not Elevance Health subsidiaries. Stop Loss Insurance. The company’s stop loss insurance arrangements are built around the company’s clients’ needs while assuming 100% of the risk. The company offers specific and aggregate plans that will provide options to meet the company’s clients’ coverage terms, budget and risk tolerance; active claims management to help avoid errors and missing claims, as well as cost containment to assist the company’s clients with claims and cost control. Dental. The company’s dental plans include networks in certain states in which the company operates and are offered on both a risk-based and fee-based basis. The company’s members also have access to additional dental providers through the company’s participation in the National Dental GRID, a national dental network developed by and for BCBS plans that offers in-network discounts across the country. Vision. The company’s vision plans include networks within the states in which the company operates and are offered on both a risk-based and fee-based basis. Life. The company offers an array of competitive individual and group term life insurance benefit products. The life insurance products include term life and accidental death and dismemberment. Disability. The company offers short-term and long-term disability and leave of absence products. Supplemental Health. The company offers supplemental health products, including accident, critical illness and hospital indemnity, which provide coverage for specific conditions or circumstances. Medicare Plans. The company offers a wide variety of plans, products and options to individuals age 65 and older, such as Medicare Advantage, including Special Needs Plans (‘SNPs’), dual-eligible programs through Medicare-Medicaid Plans (‘MMPs’), Medicare Supplement plans and Medicare Part D Prescription Drug Plans (‘Medicare Part D’). Medicare Advantage plans provide Medicare beneficiaries with a managed care alternative to traditional Medicare and often include a Medicare Part D benefit. In addition, the company’s Medicare Advantage SNPs provide tailored benefits to special needs individuals who are institutionalized or have severe or disabling chronic conditions and to dual-eligible customers, who are low-income seniors and persons under age 65 with disabilities. Medicare Advantage SNPs are coordinated care plans specifically designed to provide targeted care, covering all the healthcare services considered medically necessary for members and often providing professional care coordination services, with personal guidance and programs that help members maintain their health. Medicare Advantage membership also includes Medicare Advantage members in the company’s Group Retiree Solutions business who are retired members of commercial accounts or groups who are not affiliated with the company’s commercial accounts that have selected a Medicare Advantage product through the company. MMP is focused on serving members who are dually eligible for Medicaid and Medicare. Medicare Supplement plans typically pay the difference between healthcare costs incurred by a beneficiary and amounts paid by the traditional Medicare Fee-For-Service program. Medicare Part D offers a prescription drug plan to Medicare and MMP beneficiaries. Medicaid Plans and Other State-Sponsored Programs. The company’s Medicaid business includes its managed care alternatives through public-funded healthcare programs, including Medicaid; Medicaid expansion programs; Temporary Assistance for Needy Families (‘TANF’); programs for seniors and people with disabilities (‘SPD’); Children’s Health Insurance Programs (‘CHIP’); and specialty programs, such as those focused on long-term services and support (‘LTSS’), HIV/AIDS, children living in foster care, behavioral health and/or substance abuse disorders, and intellectual disabilities and/or developmental disabilities. The Medicaid program makes federal matching funds available to all states for the delivery of healthcare benefits for low income and/or high medical risk individuals. These programs are managed by the individual states based on broad federal guidelines. The company’s Medicaid plans also cover certain dual-eligible customers, as previously described above, who also receive Medicare benefits. In 2023, the company provided Medicaid and other state sponsored services, such as administrative services, in Arkansas, California, Colorado, District of Columbia, Florida, Georgia, Indiana, Iowa, Kentucky, Louisiana, Maryland, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Ohio, Puerto Rico, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia and Wisconsin. Federal Employees Health Benefits Program. FEHB members consist of the United States government employees and their dependents within the company’s geographic markets through its participation in the national contract between the BCBSA and the U.S. Office of Personnel Management. Medicare Administrative Operations. Through the company’s NGS subsidiary, the company serves as a fiscal intermediary, carrier and Medicare administrative contractor for the federal government by providing administrative services for the Medicare program, Parts A and B, which generally provides coverage for persons who are 65 or older and for persons who are under 65 and disabled or with end-stage renal disease. Part A of the Medicare program provides coverage for services provided by hospitals, skilled nursing facilities and other healthcare facilities. Part B of the Medicare program provides coverage for services provided by physicians, physical and occupational therapists and other professional providers, as well as certain durable medical equipment and medical supplies. CarelonRx The company’s subsidiary CarelonRx markets and offers pharmacy services to the company’s affiliated health plan customers throughout the country in its Health Benefits segment, as well as to customers outside of the health plans the company owns. The company’s comprehensive pharmacy services portfolio includes all core pharmacy services, such as home delivery and specialty pharmacies, claims adjudication, formulary management, pharmacy networks, rebate administration, a prescription drug database and member services. CarelonRx delegates certain core pharmacy services to CaremarkPCS Health, L.L.C., which is a subsidiary of CVS Health Corporation (‘CVS’), pursuant to an agreement that is set to terminate on December 31, 2025 (the ‘CVS Agreement’). Carelon Services Business units in Carelon Services offer a broad array of healthcare related services and capabilities to internal and external customers, including utilization management, behavioral health, integrated care delivery, palliative care, payment integrity services and subrogation services, health and wellness programs, information technology services and global business process support. Key services offered include: Advanced Analytics and Services. The company leverages data, analytics, and insights to help improve outcomes and lower the cost of care, by ensuring that the company’s members receive safe, appropriate, high-quality, cost-effective care and that the company’s providers are reimbursed accurately and timely. Behavioral Health. The company provides comprehensive behavioral health management services through clinical and network administration. In a limited capacity, the company also provides high-quality, evidence-based behavioral healthcare and counseling services through licensed clinicians in convenient and accessible locations. Care Delivery. The company provides highly integrated, personalized care to patients with chronic and complex conditions, whether in their home, care centers, mobile units, skilled nursing facilities, hospitals, or virtually. Additionally, the company provides non-hospice, community-based palliative care to deliver an extra layer of personalized support and whole-person care. Networks and Provider Relations The company’s relationships with physicians, hospitals and professionals that render healthcare services to the company’s members are guided by local, regional and national standards for network development, reimbursement and contract methodologies. The company’s hospital contracts provide for a variety of reimbursement arrangements depending on local market dynamics and current hospital utilization efficiency. Most hospitals are reimbursed a fixed amount per day or reimbursed a per-case amount, per admission, for inpatient covered services. A small percentage of hospitals, primarily rural, sole community hospitals, are reimbursed on a discount from approved charge basis for covered services. The company’s ‘per-case’ reimbursement methods utilize many of the same attributes contained in Medicare’s Diagnosis Related Groups methodology. Hospital outpatient services are reimbursed by fixed case rates, fee schedules or percent of approved charges. The company’s hospital contracts recognize unique hospital attributes, such as academic medical centers or community hospitals, and the volume of care performed for the company’s members. To improve predictability of expected costs, the company frequently uses a multi-year contracting approach with providers. In addition, the majority of the company’s hospital contracts include a pay-for-performance component where reimbursement levels are linked to improved clinical performance, patient safety and medical error reduction. Seasonality The company experiences seasonality in its Health Benefits segment. While the company’s premium revenues are not seasonal, the company’s benefit costs typically increase during the year (year ended December 2023) as the company’s risk-based members pay their contractual portion of claims responsibility under annual deductibles and reach their out-of-pocket maximum limits. Medical Management Programs The company has a broad array of medical management activities that facilitate improvements in the quality of care provided to the company’s members and promote cost-effective medical care. These medical management activities and programs are administered and directed by physicians and nurses with the goal of ensuring that the care delivered to the company’s members is supported by appropriate medical and scientific evidence, is received on a timely basis and occurs in the most appropriate setting. The medical management programs available to the company’s members may vary depending on the particular plan or product in which they participate. Care coordination is one of the strategies the company utilizes and is based on nationally recognized criteria developed by third-party medical specialists to help coordinate inpatient, as well as outpatient care and monitor appropriate utilization of such services. The company’s case management focuses on identifying membership that will require a high level of intervention and providing assistance to manage their healthcare needs. Precertification is utilized to assess appropriateness of certain hospitalizations and other medical services prior to the services being rendered. The company’s medical policy committee determines its national policies and guidelines for the application of medical technologies, procedures and services and reviews these policies and guidelines at least once a year or as new published clinical evidence becomes available. The company is actively engaged with its hospital and physician networks to enable them to improve medical and surgical care and achieve better outcomes for the company’s members. The company also works with outside experts through a process of external review to provide its members scientifically and clinically evidence-based medical care. The company’s web-based tools allow its members to obtain or compare cost estimates for care, including out-of-pocket costs. The company remains committed to assisting its members in making informed and value-based healthcare decisions, providing for easier navigation of healthcare services and delivering a better healthcare experience. Care Management and Wellness Products and Programs The company continues to expand its suite of integrated care management programs and tools. Availability of these programs and tools to the company’s members may depend on the particular plan or product in which they participate. The company’s care management tools and programs are designed to increase quality and reduce medical costs for the company’s members and help them make better decisions about their well-being as they navigate the healthcare system. The company’s digital engagement platform, Sydney Health, is designed to give the company’s members access to personalized health and wellness resources; medical, pharmacy, dental, vision, life and disability benefits details, as well as virtual care services, all in one place. The company’s care management, infertility services and maternity management programs serve as adjuncts to physician care. Through these programs, medical professionals help to educate participants regarding their care and condition. The company’s 24/7 NurseLine offers access to qualified, registered nurses to allow the company’s members to make informed decisions about the appropriate level of care and avoid unnecessary worry. The company’s CareMore subsidiary specializes in whole-person care for members with complex and chronic conditions to improve clinical outcomes and patient well-being. The company’s Aspire Health subsidiary engages with members near end of life and/or requiring palliative care to manage serious illnesses and improve quality of life during a difficult time. Beginning in 2024, Aspire Health and CareMore have rebranded and now operate under the new name, Carelon Health. With the company’s integrated information systems and sophisticated data analytics, the company helps its members improve their compliance with evidence-based care guidelines, provide personal care notes that alert members to potential gaps in care, enable more prudent healthcare choices and assist in the realization of member out-of-pocket cost savings. The company’s employee assistance programs provide 24/7 telephonic support for personal and crisis events and provide resources such as counseling and referral assistance with childcare, health and wellness, financial issues, legal issues, adoption and daily living. The company has a comprehensive behavioral health case management program supporting a wide range of members who are impacted by their behavioral health conditions, including specialty areas such as eating disorders, anxiety, depression and substance abuse. The program assists members and their families with obtaining appropriate behavioral health treatment, offering community resources, providing education and telephonic support, and promoting provider collaboration. Healthcare Quality Initiatives A key to the company’s success has been the company’s ability to develop partnerships by working with the company’s network physicians, hospitals, and social resources providers to improve the quality outcomes of the healthcare and social impact services provided to the company’s members, their families, and the community-at-large. The company’s ability to promote quality medical care, address health-related social risks, and advance health equity has been recognized by NCQA, the largest and most respected national accreditation program for managed care health plans. Several quality healthcare measures, including the Healthcare Effectiveness Data and Information Set (‘HEDIS’), have been incorporated into NCQA’s accreditation processes. HEDIS measures range from preventive services, such as screening mammography and pediatric immunization, to elements of care, including decreasing the complications of diabetes, improving treatment for patients with heart disease, integration of behavioral health, and racial and ethnic stratification measurement to help close healthcare disparities. Through the company’s Carelon Medical Benefits Management, Inc. subsidiary, formerly known as AIM Specialty Health, the company promotes appropriate, safe and affordable member care in areas including imaging, sleep disorders, cardiac testing, oncology drugs and musculoskeletal procedures. These expanded specialty benefit management solutions leverage clinical expertise and technology to engage provider communities and members in the more effective and efficient use of outpatient services and to promote the most appropriate use of clinical services to improve the quality of care. Through the company’s Carelon Post Acute Solutions, Inc. subsidiary, formerly known as myNEXUS, Inc., the company performs management review for home health and post-acute institutional services provided to Medicare members, with the goal of ensuring they receive appropriate, high-quality care and supporting their transition back into the home. Effective management of these services can help reduce preventable hospital admissions and readmissions, thereby improving healthcare outcomes for patients. Additionally, Carelon Post Acute Solutions, Inc. has developed programs to address healthcare quality by identifying and closing care gaps. A social determinants of health program screens the company’s members for social needs and connects members to appropriate community resources to encourage better care outcomes. Both medical benefits management and post acute solutions programs are examples of how the company facilitates improvements in the quality of care provided to the company’s members and promotes medical care. The company seeks to understand its members' health-related social needs to create a healthcare system that synchronizes care delivery for physical, behavioral, social and pharmacy needs. The company is advancing its efforts through consistent screening of its members for their social needs by using industry-standard tools such as the Protocol for Responding to & Assessing Patients’ Assets, Risks & Experiences, co-creating social action plans with the company’s members, connecting members to related social support services, and evaluating the entire process for continuous quality improvement. The company is committed to ensuring that all people, regardless of age, race or ethnicity, sexual orientation, gender identity, disability, and geographic or financial access can receive individualized care. Using the company’s data, it also identifies the resources needed to support local residents, including the people who the company serves, to ensure those resources can better meet local needs. BCBSA Licenses The company is a party to license agreements with the BCBSA that entitle the company to the exclusive, and in certain areas, non-exclusive, use of the Blue Cross and Blue Shield names and marks in assigned geographic territories. BCBSA is a national association of independent Blue Cross and Blue Shield companies, the primary function of which is to promote and preserve the integrity of the BCBS names and marks, as well as provide certain coordination among the member companies. Each BCBSA licensee is an independent legal organization and is not responsible for the obligations of other BCBSA member organizations. Although previously the company did not have a right to sell products and services using the BCBS names and marks outside of the states in which the company is licensed to sell BCBS products, under the terms of the subscriber settlement agreement and release (‘Subscriber Settlement Agreement’) among the class of plaintiffs, BCBSA and Blue Cross and/or Blue Shield licensees, including the company (the ‘Blue plans’) and some large national employers with self-funded plans (specifically identified in the Subscriber Settlement Agreement), have a right to request a second Blue plan bid in addition to a bid from the local Blue plan. The Subscriber Settlement Agreement received final approval in August 2022. Regulation The states of domicile of the company’s regulated subsidiaries have statutory risk-based capital (‘RBC’) requirements for health and other insurance companies and HMOs based on the Risk-Based Capital (RBC) For Health Organizations Model Act. Since its enactment in 2010, the ACA has introduced new risks, regulatory challenges and uncertainties, has impacted the company’s business model and strategy and has required changes in the way the company’s products are designed, underwritten, priced, distributed and administered. ERISA regulates certain aspects of the relationships between the company, the employers that maintain employee welfare benefit plans subject to ERISA and participants in such plans. The company provides a variety of products and services to employee welfare benefit plans that are covered by ERISA. In addition, the company’s non-U.S. operations are subject to the U.S. laws regulating the conduct and activities of the U.S.-based businesses operating abroad, including but not limited to, the Foreign Corrupt Practices Act and corresponding foreign laws governing anti-bribery, anti-corruption, anti-money laundering, data protection and privacy, employment, and other regulatory oversight initiatives. History The company was incorporated in 2001. It was formerly known as WellPoint, Inc. and changed its name to Anthem, Inc. in 2014. Further, the company changed its name to Elevance Health Inc. in 2022.

Country
Industry:
Hospital and medical service plans
Founded:
2001
IPO Date:
10/30/2001
ISIN Number:
I_US0367521038
Address:
220 Virginia Avenue, Indianapolis, Indiana, 46204, United States
Phone Number
833 401 1577

Key Executives

CEO:
Boudreaux, Gail
CFO
Kaye, Mark
COO:
Data Unavailable